Brexit’s Effects Felt Throughout the UK

Sixteen months after the United Kingdom voted in favor of a referendum to exit the European Union, the ripples caused by that decision continue to be felt in ways that voters may not have expected. In the wake of the vote, officials began discussions with the European Union regarding […]

Inventory Tight as Homes Being Sold in Under a Month

Sellers are not having to wait very long before their homes are under contract. Nearly half of the homes sold in March were off the market in less than a month. The housing market has been going strong this year, and the speed at which homes are being sold […]

Weekly News Roundup for March 3, 2017

These are some of the stories we’ve been following this week.

Activists in Maryland hope to convince lawmakers to ban hydraulic fracturing in the state. A moratorium on drilling operations ends in October.

More than 150 tons of oil were spilled into the Bay of Bengal, which is much […]

Low Housing Supply Continues to Affect Housing Market

Buyers have flooded into the housing market, thanks to a continually low unemployment rate and a strong economy. However, the supply of available homes remains low, and that is putting a strain on the market, even as more potential buyers consider purchasing a home.

The housing supply at the end […]

By |February 17th, 2017|Categories: Blog, News|Tags: , , |0 Comments

Weekly News Roundup for February 17, 2017

These are some of the stories we’ve been following this week.

Illinois reached a settlement agreement with BNSF Railway Company over the 2015 train derailment near Galena, Illinois. The railroad company will pay $50,000 in civil penalties, in addition to the more than $10.5 million spent on cleaning up […]

Weekly News Roundup for August 26, 2016

These are some of the stories we’ve been following this week.

U.S. shale oil and gas production has dipped significantly as oil prices have fallen. However, some experts believe the industry may have reached bottom and will begin increasing production again soon.

A water treatment plant, set up in […]

Weekly News Roundup for May 20, 2016

These are some of the stories we’ve been following this week.

China’s investments in the U.S. real estate market have added 200,000 jobs to the U.S. economy. China is the top participant in the EB-5 Immigration Investor Program, which provides visas to overseas investors and their families in exchange […]

Housing Market Firing On All Cylinders

Anyone looking to sell their house will be happy to hear the latest on the housing market, which is picking up speed as the summer buying season arrives. Existing home sales in March were up 1.5 percent from the same time last year, and total sales were a little […]

Housing Market Heads into the Buying Season with Strong Numbers

Spring is often when homeowners put their homes on the market. It’s considered the best time for sellers, as buyers are out in full force now that the weather is nice.

This year is shaping up to be a great one for sellers, with the housing market looking healthy and […]

What an Election Year Means for House Prices

This year will bring a whirlwind of new political excitement, but also uneasiness. Presidential election years have many effects on our society. One effect that has been historically popping up during election years is the real estate market’s response. However, since the headlines are saturated with the latest poll […]

A Tight Housing Supply Keeps Rental Prices High

The housing market had a strong year last year, as buyers returned in large numbers to push prices up. Low inventory did slow the market a bit, but overall, the real estate industry appeared to have recovered from the economic downturn that hit the country in December 2007. However, […]

Weekly News Roundup for February 19, 2016

These are some of the stories we’ve been following this week.

Residents of Flint, Michigan affected by the lead-contaminated water are considering joining lawsuits that could reach a billion dollars in claims and damages.

The Sierra Club filed a lawsuit to reduce wastewater injection from hydraulic fracturing in Oklahoma. The non-profit […]

Weekly News Roundup for January 8, 2016

These are some of the stories we’ve been following this week.

California Governor Jerry Brown declared a state of emergency for the Porter Ranch neighborhood of Los Angeles after more than 10 weeks of methane gas leakage has forced thousands from their homes. The leak could take months to fix.

Michigan Governor Rick […]

Weekly News Roundup for October 30, 2015

These are some of the stories we’ve been following this week.

The Gold King Mine owner spoke to reporters for the first time since the leak that sent contaminants into the Animas River in August, discussing his interactions with the U.S. EPA and his concerns about the source of the […]

Median Home Prices Across the Country Hovering Around $200K

The housing market has been having a good year, outside of a few dips here and there. Prices in most markets have continued to rise as sellers find themselves in an atmosphere where the demand for homes outpaces the supply. In what has become almost expected by analysts, sales […]

Homes Sales Slow in August as Inventory Tightens

It was a good run, but the string of 3 consecutive months of increasing existing home sales ended in August. Existing home sales dropped last month, putting a crimp in the market’s continued recovery.

Sales of existing homes were down 4.8% from July, from 5.58 million down to 5.31 million homes. Year-over-year […]

Builder Sentiment Up In Strong Housing Market

We’ve written numerous posts on how the housing market has rebounded since the Great Recession. Today home sales are on the rise, and they are pushing up prices as well. However, one group we haven’t examined much recently is the builders.

Builder sentiment, like the housing market, is on the […]

Market Effects When Appraisers and Homeowners Perceive Different Home Values

With the housing market on the rebound after a rough few years, homeowners are now starting to think more and more about putting their home up for sale. After the economic downturn and the housing bubble collapse, home prices plummeted. Foreclosures skyrocketed and sent the price of comparable homes […]

Demand Often Exceeds Supply as Housing Market Continues to Improve

There’s a different feeling in the air this summer for those in the housing market. The sun might feel a little brighter, the birds chirping a little louder.

It was just a few years ago that homes would sit for sale, even in the busy summer season, for months or […]

Spring 2015 Housing Indicators Show Modest Improvement

While the housing recovery has not been as robust as one might hope, we are seeing key indicators of the housing market continue to move in the right direction. After a strong finish to 2014, the housing market has continued a positive run, despite a few bumps in the […]

Home Sales Slowing, but 2014 Looking to Finish on a High Note

According to the National Association of Realtors, the first month of the final quarter of 2014 saw home sales continue to stay ahead of last year, even as pending sales dropped. As the year draws to a close, there are signs the U.S. economy is continuing to improve, which […]

August Home Prices Increase, But Growth Slows

When S&P Dow Jones Indices released the latest data for the S&P/Case-Shiller Home Price Indices earlier this week, it was a mix of good news and bad news for homeowners looking to sell in the second half of 2014. As of August 2014, average home prices across the United […]

Regulatory Changes in the Appraisal and Mortgage Underwriting Industry

Rapid growth in home prices is likely to continue for some time. The most recent quarterly Zillow Home Price Expectations Survey, conducted by consulting firm Pulsenomics LLC, showed an average prediction for annual appreciation in 2013 of 6%, down from 6.7% reported in the previous survey in August. While the […]

Unsustainable Growth in Home Prices

There’s been a lot of talk about the unsustainability of home prices in recent months. Back in July, Business Insider published an article in response to the S&P/Case-Shiller Home Price Indices. Svenja Gudell, a senior economist at Zillow, was quoted saying “Three straight months of national home value appreciation above 10 percent is not […]